jupiter247

jupiter247

Bank Nifty has key resistance at 34000. Bank Nifty will be safe for long trades above 34000. Bank Nifty will most probably test 34000 level in next 1-2 weeks, to see if it can cross it. Failure to cross 34000 will create fresh downsides.

jupiter247

S&P Biotech ETF (XBI) is a strong Buy currently at the lower end of its weekly range. Risk/Reward looks very favorable for a long position (Buy) and holding for next 2-3 months (8-12 weeks) for targets of 150-170.

jupiter247

Bank Nifty is leading Nifty in the reversal. Upside target is about 19300, which is 1000 points above cmp. It should come in May.

jupiter247

Nifty can move up from support level.